Economics affects almost everything we do: from our decisions at work to our shopping habits, voting preferences and social attitudes. This new edition of the popular text by David Begg and Gianluigi Vernasca enables the reader to understand today's economic environment by examining the underlying theory and applying it to real-world situations. Economics surveys the latest ideas and issues - such as the role of regulation in banking, the consequences of globalization and monetary union, and the efficacy of our current economic models. This coverage, combined with a rich array of pedagogical features, encourages students to explore our economic past and present, and to think critically about where this might lead us in the future. The new edition is updated to provide a comprehensive analysis of the financial crash - its causes, consequences, and possible policy responses, from fiscal stimulus to quantitative easing.
Author(s): David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch
Series: UK Higher Education Business Economics
Edition: 11th
Publisher: McGraw-Hill Education
Year: 2014
Language: English
Pages: 1197
Tags: Economics
PART ONE Introduction
1 Economics and the economy
2 Tools of economic analysis
3 Demand, supply and the market
PART TWO Positive microeconomics
4 Elasticities of demand and supply
5 Consumer choice and demand decisions
6 Introducing supply decisions
7 Costs and supply
8 Perfect competition and pure monopoly
9 Market structure and imperfect competition
10 The labour market
11 Factor markets and income distribution
12 Risk and information
PART THREE Welfare economics
13 Welfare economics
14 Government spending and revenue
PART FOUR Macroeconomics
15 Introduction to macroeconomics
16 Output and aggregate demand
17 Fiscal policy and foreign trade
18 Money and banking
19 Interest rates and monetary transmission
20 Monetary and fiscal policy
21 Aggregate supply, prices and adjustment to shocks
22 Inflation, expectations and credibility
23 Unemployment
24 Exchange rates and the balance of payments
25 Open economy macroeconomics
26 Exchange rate regimes
27 Business cycles
28 Supply-side economics and economic growth
PART FIVE The world economy
29 International trade
